Yorubalo, Home Buyer in San Francisco, CA

What is the rate of appreciation in the central sunset vs bernal heights and inner richmond? Which is a better investment?

Asked by Yorubalo, San Francisco, CA Sat Apr 16, 2011

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Greg Bryan JD/MBA’s answer
I can provide you a report on these areas if you like, but I need some additional information.

1) What type of property are you looking at Single Family Residences, Condos, Multi-Unit Buildings?
2) What time frame do you want the data on? For example prices for most condos appreciated until 2007 when priced peakd but have in general decreased after, so depending on your starting date it will greatly impact what appreciation has been in the past.

Let me know and I am happy to put a report together for you. If you want general information on pricing movements please just go to my website under Market Reports or Blog at http://www.gbandas.com and you can find a lot of information on current trends.
0 votes Thank Flag Link Wed May 4, 2011
I would say none,prices in san Francisco are hitting the peak,all 3 areas are about 800,000
as investment you need to get closer to the city bernel heights would be nicer to live but realtors might call it bernal heights but it might not be,3 areas are not that nice,house sales are going down,they are building 20,000 condos in the city.peole who cant afford to rent are moving out
sunset and Richmond get cold and fogey,if buying in sunset try buy near restaurants it can take an hour on muni to get downdown in all 3 areas your buying into a bubble,so if it bursts your under water
0 votes Thank Flag Link Sun Nov 17, 2013
The neighborhood you ultimately decide to purchase in is a personal choice. Looking at this as a place to call home is different if you are looking at it for an investment property. Looking at appreciation and resale value down the line is important. You ultimately want to find a place that you will feel comfortable living in for the short-long term. Both Bernal and Inner Richmond have great benefits and these have to be weighed when making your decision of where to look. Personally I believe Bernal is on nothing but an upward trajectory. It is compared often to what Noe Valley was several decades ago. It also has more sun and is in easy distance to several highways. Many new restaurants, wine bars and stores have gone into Bernal lately. But be aware as well that Bernal is extremely divided as a neighborhood. You have the north and east slope which are not as highly valued as the south and west slope. You also have the south of Cortland area and the area around St. Mary's Park. Each of these sub neighborhoods differ.
0 votes Thank Flag Link Wed Apr 20, 2011
Those are three very different areas and you haven't said if this would be a home or rental property. All would factor into the projections that most Realtors would get from the crystal balls we have.
Making appreciation projections right now should be back to the "historical" 4 to 6 percent over the long term. Your personal housing should not be bought as an investment, it never should have. That belief is what led buyers to believe that every loan, even a neg-am loan would be OK because the property would appreciate.
If we tout past appreciation numbers we should give the standard financial market disclaimer “past performance does not future performance”.
On other aspects one copuld say that the Richmond is transit rich and would therefore be better, but both the Sunset and most of Bernal are single family properties and the Richmond has more multi-family.
This will be interesting to see how clear the crystal balls are!
0 votes Thank Flag Link Sun Apr 17, 2011
Jed Lane, Real Estate Pro in San Francisco, CA
MVP'08
Contact
Y,

Generally speaking, areas closer in to downtown are going to appreciate better. However, each property must be evaluated on its own - if you get someplace at a great price it's going to appreciate more because you have more room for it move upward. And more importantly, there are good parts of a neighborhood and bad parts.

Additionally, if you are close to a border line between two neighborhoods, being on the "right" side can make a huge difference in value.

What you should do is get pre-approved if you haven't already so you know what you can afford, then find a broker who is active, experienced, and has great negotiating skills to help you figure out where the best deal is for you.

Best Regards,

Lance King/Owner-Managing Broker
lance@fixedrateproperties.com
415.722.5549
DRE# 01384425
0 votes Thank Flag Link Sun Apr 17, 2011
Close call between bernal and inner Richmond. I think bernal is slightly better because it dropped more but both are good. Sunset is more risky.
0 votes Thank Flag Link Sat Apr 16, 2011
Bernal heights seems to be a good place, better resale value :)
0 votes Thank Flag Link Sat Apr 16, 2011
I would add to these answers that it also depends on the type of house you buy. You can increase your chances of appreciated value when buying a home that has room for improvement in any of the neighborhoods you mentioned. The Inner Richmond and the Central Sunset always have big demand for good houses as well as Bernal Heights. Look for the best deal in a buyers market and sell in a seller's market for the best return.

Thanks,
Matt Ciganek
Barbagelata Real Estate
http://www.realestatesf.com
0 votes Thank Flag Link Sat Apr 16, 2011
Well said, Oggi. I also think Bernal is a hip place to live with more cool places to go and eat. The Richmond district is Ok, and the best part of the Sunset is it's the last place in the City you can still find parking.

Yorubalo, if you decide to buy in the City with the idea of holding it for 7-10 years plus, you should do just fine.

Cheers!

Tap
0 votes Thank Flag Link Sat Apr 16, 2011
The rate of appreciation has been higher for Bernal and will continue to be higher in the coming months and years. The potential of higher prices and more demand for properties should be further affected as more high-tech employees buy in SF. As Facebook goes public for example, you can count on a big impact in the city, especially Bernal, Noe and Potrero.

Bernal also seems to be the alternative go-to neighborhood for buyer who get priced out of Noe.

Oggi Kashi
Paragon Real Estate Group
CA DRE 01844627
Web Reference: http://www.oggikashi.com/
0 votes Thank Flag Link Sat Apr 16, 2011
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